Sunday, June 11, 2006
New car market: 'first signs of recovery'
New car market: 'first signs of recovery'
The UK market may be reaching the bottom of a shallow downturn, according to JD Power.
Sales, one per cent higher than in May 2005, could be the first indicator of a reversal of fortune, though a recovery call would probably be premature.
‘Consumer confidence continues to waiver while spending projections show only a small gain this year. As a result of declines that have already taken place, we expect a fall of between four per cent and five per cent for full-year 2006,’ says JD Power.
DATED: 11.06.06
FEED: Automotive Management
The UK market may be reaching the bottom of a shallow downturn, according to JD Power.
Sales, one per cent higher than in May 2005, could be the first indicator of a reversal of fortune, though a recovery call would probably be premature.
‘Consumer confidence continues to waiver while spending projections show only a small gain this year. As a result of declines that have already taken place, we expect a fall of between four per cent and five per cent for full-year 2006,’ says JD Power.
DATED: 11.06.06
FEED: Automotive Management
